"Time is the friend of the wonderful company, the enemy of the mediocre"
- Warren Buffett
About this Quote
This quote shows Warren Buffett's belief that successful companies are able to endure and also adapt to the examination of time, while poorly-managed companies eventually succumb to the pressures of obsolescence as well as competition.
Buffett thinks that terrific companies have a sustainable competitive benefit which can withstand financial recessions, while mediocre companies are susceptible to market pressures as well as tend to struggle in challenging times.
He stresses the relevance of purchasing beneficial and also ingenious business that have long-term growth potential customers, instead of short-sighted organization models that prioritize short-term revenues over long-lasting worth.
Generally, Warren Buffett's quote highlights the value of time in evaluating and buying companies, and also emphasizes the critical function that strong management and a long lasting affordable benefit play in developing an effective business over the long term.
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